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are switching from nuclear warheads to nuclear cars. we are going to an e-mail from a toyota executive sent before the recall saying the company is trying to hide the acceleration problems. toyota's response, we admit to doing a poor job of communication, but here is the question, how long did toyota know about this before it became public? who has an idea on that one? >> i think the crime is that they covered it up. i think if you had a problem, whether it was five days as some of the recent correspondence indicates, or two months, it's too much time. if there were drivers on the road that were not safe, toyota has a problem, and it's a huge problem. >> but it's a question that i cannot answer. if i am correct, toyota sales were up, not down, up, about 40%. so do consumers not want brakes? how does it work? >> it took a 9% dip when the information came out, and then a jump up to 40%, huge earnings and a very different situation. it will be governed by the market, do americans still trust toyota, and then the deals toyota was offering, and i think they could continue to do so. >> the fine b
. >> shepard: nothing you can do about that in just the past 24 hours, toyota announced another recall, its second in a week. it also agreed to pay the largest fine ever for a car company for fail to tell regulators about problems with sticking gas pedals. that's, of course, on top of the 8 million vehicles toyota has already recalled. it may look like a public relations disaster. but, as it turns out, sales are up. drivers are still buying to its. phil keating is live in our florida newsroom tonight. what's the deal here? >> well, shep, one big reason that toyota's u.s. sales in march jumped 41% over march '09 was historic buyer incentives worth about $2,300 per vehicle. yet, every toyota customer we spoke with, one after another, said good toyota news or bad toyota news it just doesn't matter. they just love the brand. >> jeff, call on 700. >> you could call leann mcgrapth toyota's quintessential customer. >> it's nice. >> she says she has owned six or seven to its so far. her two sons own to its. and now she is shopping for another one. >> i just feel they are safe. they are proven time
in the district in the 3600 block of alabama avenue southeast. the driver of a toyota vehicle you see there was killed after being struck by a speeding van. a child who was riding in that car is said to be in critical condition. witnesses said the van was traveling dangerously fast. the driver of the van was freed from the collision that sparked a small fire. there is no word on if any charges will be filed. >>> as a murder mystery of a d.c. principal deepens, the neighbors say the lack of details leave them worried. it likely happened after 11:30 wednesday night when friends last spoke to him and 7:00 a.m. thursday when he failed to show up for school. his home and a stolen suv are two key pieces of evidence. >> many times there is receipts or other papers left behind for -- by people who steal vehicles or who are in them for some period of time. we want to look at that information and see if it will direct us to who is responsible, who was in that car. >> we don't believe that this was a random act. while we can't fully rule out that it might be random, we believe that there was som
hoveround collapsible grabber. call the number on your screen. >>> toyota is recalling its lexus, the suv that failed safety tests performed by "consumer reports" magazine. >> the automaker says it will fix stability control systems for the lexus gx-460 and similar models sold worldwide. the magazine told consumers not to buy that car after tests showed the suv was at risk of rollover accidents. the automaker says the gx-460 needs new stability control software. >> been a tough few months for toyota and as expected the company has agreed to pay a record $16 million fine to federal regulators while trying to repair its reputation. >> as diana alvear reports the fine is a big setback for the automaker. >> reporter: toyota's safety crisis has already cost the carmaker millions in lost revenue. now it will pay millions more in a civil fine levied by the national highway traffic safety administration. toyota has agreed to pay $16.4 million, the maximum penalty allowed under u.s. law. on its website the company said, we have acknowledged that we could have done a better job of sharing relevant
will below 70's and lingering chance of some showers. >>> the toyota sports desk is brought to you by your local toyota dealers -- moving you forward. >> more changes with the redskins. >> it happens every day. the redskins have completed a trade with the st. louis rams acquiring a defense of linemen. they swamped fifth and seventh round draft picks to get it done. the defense of line is a priority and hands worth -- albert haynesworth will be traded. donovan mcnabb has encouraged coaches to acquire terrell owens. they have apparently settle their differences. >> the redskins have some very talented receivers but every team could use a terrell owens terrell terrell owens would love to play in the nfc east again. hopefully the redskins still the same way. >> look at these numbers. he is coming off is worse season of urquhart -- of his career. the biggest difference between these two, moss is taller. what does this mean for the draft? st. louis will probably draft a different player. bruce allen will trade down to the 13th or 14th position and go after an offensive tackle. >> we are listenin
. >>> the latest this morning on the efforts to resume flights grounded by disruptive volcanoes. >>> plus toyota is taking action after "consumer reports" magazine advised drivers not to buy a new lexus suv. >>> and things looking up in the forecast. your weather and traffic are next. >>> good morning, time for weather and traffic on this tuesday morning, on tom kierein in storm center 4. we have temperatures around the metro area in the mid and upper 40s. but the shenandoah county getting some patchy frost possible. warren, shenandoah, page, rockingham and augusta counties, high clouds coming in from the west, ahead of the rain-maker that will be here tomorrow morning. for this morning, high clouds around, we'll have sunshine, low 60s by noon. and upper 60s during the afternoon hours. and cloudy tonight, down to near 50 by dawn tomorrow when we'll likely have light rain moving in from the west. occasional light rain tomorrow, highs low 60s. thursday, some sunshine back into the upper 60s. and upper 60s on friday and partly cloudy. a look at the weekend in ten minutes coming up at 4:51. >>> now
a key driver here. toyota was offering big incentives. a toyota auto executive said his company sales rose by 40% in march. hyundai says it u.s. sales rose as much as 18% last month compared to the previous year. auto nation's ceo will join us in the next hour and we'll learn more about what he's learning in terms of car sales. >>> meanwhile, tim geithner says the u.s. economy is still in a tough spot, but slowly on the mend. he saw down with nbc's matt lauer. >> you'll start to see businesses across the country start to add to payroll again. that's going to come -- the economy is growing now. that's the first step. but with growth, more jobs will come. but the unemployment rate is still terribly high, and it's going to stay unacceptably high for a long period of time. it's going to take a long time to bring it down just because of the damage of the recession. >> in a meeting yesterday in pen ben, geithner read with steelmakers. next week, he leaves for a trip to india. >>> we want to get a check on the markets as we begin the second quarter. wow, futures are looking pretty good here
troubles for toyota. why the automaker issued yet another recall. i'm a fashion stylist. my secret? t.j.maxx. they buy directly from designers and you see the savings! i dress fashionistas. but i'm a maxxinista. t.j.maxx. >>> a popular principal with a promising future murdered in his own home. police are looking for a killer and wondering if this was a random crime. good morning, everyone. i am aaron gilchrist. >> we have a look at the day's forecast. justin drabick is standing in for chuck bell in storm center 4. justin, did you know it was somebody's birthday today? >> i thought i heard that. happy birthday, aaron. they had the birthday music playing for him, too. i don't have a singing voice, definitely not, especially this early in the morning. still quiet, but dealing with a south and east as we look at the doppler radar. you can see confined across the lower maryland eastern shore and into the northern neck of virginia. late rain showers. given another hour or two they will move off to the east. we will see nice improvement off in the entire viewing area. and we are currently l
mortgage giant now the focus of a criminal investigation. >>> plus, deadline day for toyota. will the company pay up on that record government fine? >>> toss out the calendar. it doesn't feel like an april morning out there a check of weather and traffic next. >>> weather and traffic on the 1s. it's 4:41. chilly 47 degrees in washington. and it's in the mid 40s in prince george's county. arlington, fairfax, montgomery county now in the low 40s. quite a chilly start this morning. we have it down into the 30s in prince william, culpeper. this zone here may be getting scattered frost so if do you have any tender plants, any house plants you set outside early this season, bring them in. and southern maryland now in the 40s as well as northern neck and eastern shore. now over the last 12 hours we've got high pressure over us with clear sky and we'll have lot of sunshine today. afternoon highs should climb into the mid 60s and overnight tonight another clear night. mid 40s tomorrow morning and by tomorrow afternoon into the mid 60s again with lots of sunshine. then we'll have a so
flying, toyotas. >> the big icelandic volcano. it is called eyjafjallajokull. it blew up in iceland. the cloud is drifting to new york. they say the air quality of the city is improving. iceland has shut down air travel all across europe. apparent pli, they dumped too much baking soda and vinegar into the thing and it just won't stop erupting. 63,000 flights have been canceled. an estimated 40,000 americans are stuck in europe right now because of the ash cloud. president obama had to cancel his trip to poland. this morning, he said he hopes the volcano will stop smoking soon and the volcano said the same thing about him. >>> rob marciano, not a lot of people laughing that we are hoping to get to weddings, honeymoons, funerals, you name it. >> not to mention the economic impact of all this. >> farmers are suffering because they can't get their stuff in and out. >> you know what makes it so complicated and so unpredict ability, when you go to the surface to 30,000, 35,000 feet, the winds change direction and speed at every level of that atmosphere. so you just don't know where the as
gains we had yesterday. we had toyota in focus yesterday. moody's cutting the, elsewhere in shanghai, the composite, 1.1% lower. we're seeing more measures, fresh measures by the government to cut circulation. that is weighing on the index there. the hang seng down 0.3%. in south korea, the kospi sliding 0.4%. the bombay sensex rising to the up side, up 1.3%. and the australian market down almost 1%. how is all this impacting the ftse cnbc global 3 hunl index? let's check to see how that is faring in light of what's happening in the equity market. we are waiting for it to come up. just give us a little bit of time so far. nicole, it is one of those things on a thursday morning. what can i say? >> i like to call it a friday eve, christine. it makes it sounds a little better. regardless of the charts, let's take a look at what we're seeing in the united states. lower across the board with dow futures down about 8 below fair value right now. excuse me. they are a little bit lower, actually. so are nasdaq futures and s&p 500 futures. we have about 100 of the s&p 500 companies reportsing
roll over. guess what? another toyota recall. i'm brian wilson, headquarter headquarte headquarter, live from the nation -- america's news headquarters, live from the nation's capital right now. across europe and around the world, air travel is grinding to a halt because of the icelandic volcano that continues to build smoke and ash thousands of feet in the air. the situation is even threatening to scuddle the president's plans to attend the funeral of polish president lech kaczynski. only 5,000 flights in the air over europe today. on a normal day, there would be almost five times that number. our own greg palkot is one of the thousands of stranded travelers. greg is stuck in dubai because his flight to europe was canceled like most of the other flights bound there. greg, what is the latest with travelers and flight schedules where with you are? >> hey, brian. we're stranded like tens of thousands of others around the world, thanks to the volcanic ash cloud across europe. we were traveling back from an assignment in yemen and hoping to transit today to london through this major ai
coming from phil lebeau. >>> breaking news from toyota, it will recall 50,0002003 model year toyota sequoias to upgrade the software in the vehicle stability control. this is similar to the issue that we saw with the lexus gx 3450. no injuries, no accidents contributed to the issue with the software in the 2003 sequoias, but, again, toyota recalling 50,000, 2003 toyota sequoias for vehicle stability control upgrades. guys, back to you. >> this is in addition to what we saw after that consumer reports came out with the lexus and then recommending, of course, that the lexus be recalled. >> right, correct. we're talking about stability control and whether or not the system, the software, the logic that they call it within the software is functioning at optimum capacity in terms of how it should be working. that is upgraded as part of this recall. again, toyota saying no accidents, no injuries reporting from this problem. >> thanks very much, fill lebeau. >>> let's go back to our greece panel there. they're still there. matt hogan, andy believes there is a play here. i want to get in th
, everyone. >>> today, toyota is agreeing to pay a record fine stemming from its gas pedal problems. tom costello is in washington with more. good morning. >> reporter: today is the deadline for toyota to accept or fight a $16.4 million fine. the company is expected to pay up, the largest fine ever assessed by the government against a car maker. the government alleges toyota knew about sticking gas pedals last september, but hid the effects and issued a recall. toyota is facing mounting civil lawsuits as well as criminal investigations. a $16 million fine for toyota is really not significant, but it is yet another strike against the company's reputation. toyota recalled 2.3 million vehicles in january for the sticking accelerator. the company has recalled more than 8 million vehicles worldwide because of acceleration problems and braking problems. a government official tells nbc news by paying the full civil penalty, toyota is accepting responsibility for hiding this safety defect from nhtsa, the national highway safety administration, in violation of the law. it now has 30 days to write
they don't think any of the kids ingested the drugs. >>> and more trouble for toyota. the automaker is recalling 600,000 sienna minivans made between 1998 and 2010, this year. toyota says too much exposure to road salt may cause the cable holding the spare tire to fall, putting nearby vehicles in danger. toyota says it's working on the problem and advises owners to bring their siennas into dealers for an inspection. >>> well, they think they have found the piece of a meteor in wisconsin. scientists -- you see some video here -- but there was a fireball in the sky last week. now university of wisconsin add madison scientists say they believe they have found a fragment from a meteor. now, it lit up the sky earlier this week. i believe it was on wednesday. now a man has found a peanut-sized rock that he says hit the roof of his home. here's a look at some of the video once before. now, this is a big deal to amateur astronomers and scientists, a rare event to get ahold of possibly a piece of a meteor. you have people out there who market and collect these things, who sell and trade thes
to fly over the volcano to get a better look at what's going on. >>> we have another toyota recall to tell you about. the car maker says it is recalling about 600,000 sienna minivans. cables could snap while driving. the spare could fall into the road and become a hazard for other drivers. but only affects siennas in cold-weather states. >>> haiti's top prosecutor denies the country dropped charges against american missionaries accused of kidnapping 33 children after january's earthquake. yesterday, a spokesman told cnn the kidnapping charges against nine missionaries were dropped. but haiti's attorney general said that is incorrect. adding that a judge will decide whether a case goes to trial or not. a senior state department official also told cnn the charges were dropped. the missionary group's leader is still behind bars. >>> convicted sex offender john gardner pleaded guilty to killing a 17-year-old and a 14-year-old. in june, he is expected to get two consecutive life sentences without the possibility of parole. his plea spares him from a possible death sentence. the families
, hundreds of crashes, and, a massive fine for safety violations, for toyota, it seems like there is more bad news every day. so why are sales booming? for the automaker? and, many of you watched the story unfold live, here on "happening now" a texas man, crashes his light plane, into an irs building in austin texas. now the 911 calls from that terrifying day, are out. we'll play some of them, in just three minutes. >> witnessed a plane crashing on 183 southbound... we think it hit a building, the echelon building. >> a plane... >> yes. a private plane. [ female announcer ] grass stains, believe it or not, i have missed you. pollen in the air kept hunter cooped up itching his eyes and sneezing. but now i found zyrtec®. it's #1 allergist recommended. with children's zyrc® he can get 24-hour allergy relief indoors and outdoors. ♪ now he can run wild... with the rest of the pack. with children's zyrtec®, he can love the air®. and now try children's zyrtec® perfect measure®. a premeasured spoon. just twist squeeze and go™. it says that when you buy whoa grand caravan,? a premeasured spo
, you know, reinvent itself and re-gain public trust. most recently toyota, correct? we saw commercials on the air all over the place. i'm wondering what goldman will actually do to restore public trust in the company. >> you make a good point with the toyota comparison, too, and others have pointed out to me that america loves to find a corporate villain when there's something going wrong. high energy prices and oil companies were the villain. high drug prices and drug companies were the villain and maybe rightfully so, but we've moved on in some cases from those debates and now it is goldman sachs and wall street that is in the crosshairs. will we move on from this again or is senator carl levin and this committee and others including the sec going to get to the bottom of the behavior that may have led to the bubble and make some real changes? we're still in the thick of it. you remember the toyota ads, was there a bit of an apology to that and mistakes were made, but the acknowledgement that the company made mistake, we certainly remember that from toyota's lesson. >> and lloyd blank
force base instead. >>> coming up on news4 at 11:00, toyota recalls more than 500,000 siennas. just a couple of years after it was chosen by "consumer reports" as the best minivan. >>> there are new reports eric massa wrote a $40,000 check to his chief of staff one day after resigning. >>> boaters, beware. lindsay, what's in sports? >> capitals coach bruce boudreau says his team learned a big lesson. they'll try not to repeat it tomorrow. stephen strausburg will have to wait for his second minor league start. >>> toyota announced the recall of more than 500,000 sienna minivans today. that includes minivans driven in d.c., maryland, virginia and west virginia. salt on the roads during winter months could corrode the spare tire's carrier cable and that could cause the wheel to become loose. it was rated the best minivan by "consumer reports" in 2007. >>> a previously convicted sex offender pleaded guilty today in the murder of two teenagers in the san diego area the plea allowed 31-year-old john gardner to avoid the death penalty. he is accused of raping and killing 17-year-old chelse
at carmax. now more than ever the smart choice is carmax. >>> toyota's massive recalls could prompt big changes for all vehicles, under a congressional proposal, new cars and trucks would be required to have devices similar to a black box on a plane to help authorities reconstruct events leading up to a crash. they would also require safety devices. lawmakers promise to address auto safety, after toyota recalled more than 8 million vehicles worldwide. >> these days, almost anybody can use a little extra cash. sue kwon reports on one woman who is making money making products inside her own home. >> yeah, let's go. >> reporter: moni honvick's job is taking care of baby riley. but the middle schoolteacher missed a little extra income. >> i thought issue i might -- i thought, i might as well stay home. i was google surfing. >> it's a website, where everyday consumers post videos reviewing products that they have in their own home. >> well, they have different assignments that you can choose from, whether they be personal hygiene products, electronics, all sorts of different things. this raz
is almost $2 billion. >>> still to come tonight. breaking news, involving another massive toyota recall. >>> tarnished image. police release graphic new details about what happened the night a woman accused ben roethlisberger of assaulting her. >>> sexting controversy. maryland students accused of more than just spreading nude photographs of young women. >>> and a stormer night ahead. stick around for the updated first warning forecast coming up. one that's backed by a 100,000 mile powertrain warranty. and named a consumers digest best buy, two years in a row. discover malibu for yourself and see why over a thousand people a day are switching to chevy. during the spring event, qualified lessees can get a low mileage lease on this new malibu ls for around $199 a month. call for details. the switch to chevy starts at chevy dealer dot com. i'm a grass seed failure. well, i forget to water it, and the seed dries out. and once it's dry, it's dead. and once it's dead, it's just... [ male announcer ] that's why there's scotts turf builder grass seed with water smart. scotts best seed wrapped i
of silence will be held starting at 10:02 this morning. >>> toyota will apparently pay up rather hand fight. an official in the transportation department says toyota is expected to agree to pay a record $16.4 million in fines over those tea detective gas pedals rather than go to court. toyota wait waited four months to tell federal officials about the problem and under a recall. >>> >>> coming up next, which airlines say they will not be charging customers the controversial extra cash to bring your bag on the plane. >>> the pope talks to a group of sex abuse victims in what was said to be an emotional meeting. ♪ spread a little love today ♪ spread a little somethin' to remember ♪ ♪ spread a little joy and see ♪ need a little happiness to be ♪ ♪ living the life with me >>> rescue crews are searching for more than 250 still missing after that 6.9 earthquake in china's remote tibetan region. the president of china toured the area where more than 1700 people were killed and most of the structures collapsed. the chinese president promising victims the communist party and government
: japanese automaker toyota said today it tested a luxury s.u.v. deemed a safety risk, and got the same results. that test came this week, after "consumer reports" magazine said the lexus g.x. 460 can roll over. toyota is looking at potential fixes for the problem. meanwhile, the automaker could be heading back to capitol hill for another round of hearings. the house energy and commerce committee has set may 6 to review the automaker's electric throttles. those throttles are at the heart of questions about sudden acceleration in toyota and lexis vehicles. >> the civil fraud charges against goldman sachs come as big bank of nov banks have sn big. rochdale securities. joining us from the gulf coast. dick, nice to see you. welcome back to "nightly business report". >> thank you. >> tom: how does this goldman sachs case color your view of the company, as well as the stock. >> it should be stated clearly if in fact goldman sachs did something improperly, they should be fined for it, and they should be punished. if we make the assumptions for analytical purposes they did do something wrong, m
. they'd also have to expand their disclosure to investors. >> tom: a twist tonight in the toyota recall saga. the associated press has learned that a u.s. toyota executive wrote an email to higher ups at the auto giant five days before a massive recall. it said, quote, "we need to come clean" about accelerator problems. the a.p. obtained the internal email written by irv miller, toyota group's vice president for environment and public affairs. the note went on to say, quote, "the time to hide on this one is over." miller has since retired. >> susie: in the "money file" tonight, why foreign bond funds can be a dicey choice for everyday investors. here's eric schurenberg, editor- in-chief at "cbs moneywatch". >> one of the pillars of a well-rounded investment portfolio is international stocks. you own some, don't you? owning foreign stock funds lets you ride economies that may be healthier than ours, and lets you earn some of your investment profits in a currency other than the dollar. so when the dollar falls, your foreign stock funds rise, because they pay off in a currency that's sudde
news on toyota. just agreeing to pay a record, mark, fine. this is $16.4 million. it's to u.s. safety regulators for the government's claim it delayed a massive accelerator pedal recall in january, and again, to give some perspective, that is a very small amount for a company like toyota. most fines are relative to the reputational issues, but when you think about wall street and the fines, for example, what this may cost goldman sachs, it's always the reputational issue that's much more costly than the actual fine. >> yeah. plus, now they've got that issue with their big suv, withdrawing it from sales because of safety concerns. hasn't been a good year for toyota. >> no, it has not. well, the s.e.c. reportedly investigating other mortgage deals by wall street's biggest firms after accusing goldman sachs of fraud. now we are going to be joined by senator kay bailey hutchison, republican member of the senate banking committee. she was obviously with us last week, and well, a lot of things have happened since then. senator hutchison, good to have you with us. we appreciate it. >> thank
and the government's response. a truck bomb killed 168 people on this date in 1995. >>> toyota agreed today to pay a record $16 million fine to the transportation department. the government said toyota hid problems with sticky accelerators for months. toyota said it will pay the fine to get the matter behind it. but the company denies it broke any law. >>> republicans aren't beating around the bush anymore. they say flat out they will filibuster new rules for the nation's financial system. gop senators contend the legislation would lead to more bank bailouts and they back a crackdown on derivatives. that's news. derivatives, the speculatives investments at the heart of the meltdown. >> as a general rule, i think we ought to improve the current system which everyone seems to feel is falling short. exactly how that will be done we'll leave to the experts on the banking committee who can hopefully work that part of it out on a bipartisan basis. >> the white house announced president obama will travel to new york on thursday to press for wall street reforms. >>> we'll bring you more on the volcanic as
-february. martha: toyota sales, despite all their problems, are booming. they've had recalls, they've had safety issues, they have had fines, and the japanese cars are still selling apparently like hot cakes. phil keating joins us from miami, trying to figure this out. phil, it is remarkable, it seems like everybody day you're hearing about another recall from this company. they just had a really strong month, right? >> reporter: yeah, february actually for toyota was one of its worst months ever but the company really bounced back in march with u.s. sales shooting up 41 percent, compared to march '09. generous incentives for all of the vehicles sold and leased. that's a big explanation, that amounted to about $2300 per vehicle. now, toyota's latest recall involving about 9000 lexus gp460s. toyota says about 5600 of them have been sold and repairs should take an hour. this is the vehicle consumer reports identified last week as maybe sussentable to -- susceptible to flipping over. one dealer explains toyota's perseverance through all this recent bad press with customers continuing to come into t
gadgets. on the ford side of things, you have ford benefiting from the mess at toyota. they have a phenomenal run, and alan mulally is doing everything right. i own for it the clients, but i don't know if i would add to the positions now, but if you have maalox and willing to take a risk, i am owning toyota at this point both for myself and clients. it is a little bit more of a gamble, but you are banking and banking that most of the bad news is baked into the stock price. >> well, it is a great point. of course, the first quarter has been better than expected on a lot of fronts, but we are waiting on evidence of end market demand, revenue growth, and are you seeing that? >> in places we are seeing the revenue, but it is one of the things coming stock by stock and we know that the auto market is stronger than you would expect, and the same with technology if you see what twe get out of apple and not so much nokia. we know that palm is not doing so well, but radio shack is pulling out of that. you have to pick and choose your places. i am not buying the market as a whole, but the
the manufacturer must by law provide you with basic information about it. just look at toyota right now. it's in big trouble because the government says it failed to tell customers about problems with sticky gas pedals. the same thing with goldman sachs. the government says it broke the law when it sold investment products to two european banks since 2007. and that it did not tell them basic required information. the products were securities backed by billions in subprime mortgages. goldman did not tell the banks that a very savvy investment manager john paulson helped to create the securities and then turned around and made bets they would eventually blow up. which they did. it was financial car wreck. costing the banks more than a billion dollars. paulson's firm made about a billion. the government says if goldman had told the banks about paulson's involvement, they might have thought twice. >> the key was misrepresentation that would have called the buyer not buy security or considered it an important factor whether or not to purchase it. >> now some charge the administration weft after
are calling her major fashion don't. not carrie! >>> plus, toyota has decided whether it wants to fight a $16 million fine for the sticky gas pedal problem. when i grow up, i want to fix up old houses. i'm going to work with kids. i want to run a marathon. [ female announcer ] at aarp we believe you're never done growing. i want to take him on his first flight. [ female announcer ] discover the best of what's next at aarp.org. here's what we can do with 4g from sprint. using the overdrive 4g mobile hotspot, jimmy's playing some video game online, jenny's video-chatting with a friend, and i'm downloading a huge presentation. and while that's happening, we'll enjoy some family time. [ computer beeps ] that was good. what can you do with 4g? [ male announcer ] experience 4g from sprint. it's more than a wireless network. deaf, hard-of-hearing and people with speech disabilities, it's a wireless revolution. access www.sprintrelay.com. >>> our military folks watching, today's salute is for an entire family, actually. it is from bruce and vivian kimball to their four children in the air force. two
beau broke the story. >> not only general motors, but the toyota recall announced in the last minute. first to general motors as we reported an hour ago, they plan to pay off the remainder of the government loan it took out from the u.s. and canadian governments when it exited from bankruptcy much sooner than planned. originally the company said that it planned on paying these off by june 1st, but now we are told that the remainer of the $6.7 billion and $4.7 billion to the u.s. government will be paid off well before june 1st, and we will see the timing within the next week. and they will pay $1 billion to the canadian government and be free and clear to the debt obligation to the two governments, and ed whitacre, jr., will announce the payback at a plant in kansas city. they borrowed $30 billion coming out of bankruptcy, but only $6.7 billion had to be repaid and this will fulfill gm's obligation in that return. now, talking about toyota, in the last minute they have announced that i are recalling 9400 models, of the gx 60s which is the model they followed last week of reports not the buy
national. go like a pro. >>> welcome back to quaelt the call." breaking news from toyota. a week and a half after recalling around 5,000 lexus gx 460 and two weeks after suspending sales of the luxury suv, toyota has a fix in place to fix the stability control issues with that vehicle. the company is now going to resume sales of the lexus gx 460 and will start contacting owners of those 5,000 who have already bought the suv so they can come in and get the software upgrade. again, toyota, resuming sales of the gx 460 two weeks after suspending sales. trish, back to you. >> phil, thank you so much. >>> we have seen upside in europe and certainly huge volume in spain's exchange-traded funds on the back of the country's downgrade, as well as heavy volume in the italy etf right here. what about portugal and ireland? what are we seeing there? bob pisani is joining us live from the new york stock exchange with a look at all the etf trades. what do you see? >> weekly look at the etf business. you can buy and sell the whole country stock markets using exchange traded funds. take a look ewp is the sy
that is not such good news is we're in the middle of a war right now. toyota set off the war a month ago because they had to get their numbers back. now everybody had to pile in and the big question here is whether they're pulling ahead sales that won't be there too month from now or getting loyal buyers to come in and spend some money. >> what do you make of that alex merkel? they may be pulling buyers forward and selling the deal, not the car. >> there's probably some buyers that are being pulled forward but at this time last year incentives like these would have fallen on deaf ears. what we're seeing right now and what i believe is we're seeing a turn in the auto industry that is sustainable. we'll see job numbers and we're going to see, we have stabilization in the labor markets and the job numbers are going to look really good tomorrow and as we see stabilization in the labor markets, that is the inflection point. that is where the auto sales start to make their turn. ford has not jumped into the incentive band wagon and still had a 34% increase in sales. so, very good numbers. >> in north
to the loss suffered in the same period a year ago. one reason the trbs forced by toyota. but we asked chris bury to find out if the ads saying ford is the top in safety and reliability are true? >> ford has come roaring back, its profits surging after convincing consumers that fords are better than foreign cars. >> i love the idea that this is an american-made car. it gave people in my country jobs. >> so how did ford change its car and its business? ironically, ceo alan mulally used toyota as his model as he turned ford around. >> every vehicle would be best in class in terms of quality, fuel efish aenls, safety, smart design, and best value. >> to get there, ford went back to the drawing board, designing sturdier, safer cars. it added more testing to the assembly line and marketing the changes relentlessly. >> look at you talking me into a ford. >> they have gone head to head with the imports on quality, which is something they avoided years ago. >> consumer reports now finds 90% of fords better or average in reliability. in crash tests, they now share top safety ratings. american consume
since buffett bought the railroad. another recall for toyota, this time it's sequoia s.u.v.s. 50,000 vehicles bought in early 2003 are being recalled to fix a software glitch that causes a delay when accelerating. the recall comes nearly a year and a half after safety regulators began looking at the problem. toyota says there have been no reported injuries or accidents due to the issue. dealers have been notified and about half of the recalled vehicles have already been repaired. >> tom: a first of its kind energy project got the green light today from uncle sam. a 130 turbine wind farm in the waters off cape cod, massachusetts is scheduled to start construction later this year. the $1 billion facility is expected to produce enough electricity to power 400,000 homes. german conglomerate siemens will supply the turbines. opponents say the project will endanger marine life and commerce in the area, they plan a lawsuit to stop it. >> susie: for the past few years, the home furnishings sector has gotten hammered, especially high end chains like ethan allen. but the company is showing
the best of what's next at aarp.org. >>> another problem for toyota tonight. this time it's a recall affecting about 600,000 toyota sienna minivans. the issue has to do with some rusty spare tire attachments in the back. the danger here is the tire could fall off and then, of course, cause a dangerous road hazard. >>> president obama ordered most hospitals in america to grant the same visiting rights to gay/lesbian partners that married heterosexual couples always had. the president's order was triggered in part by the case of a woman who was kept from seeing her partner as she slipped into a coma. >>> we learned today five miles from the white house there's been an extraordinary discovery underground. a jar about 3/4 full of a dark liquid turned out to be the same mustard gas chemical agent during world war i. the u.s. army used this area near now what is american university as an experimental station for developing chemical weapons during the first world war. >>> daryl gates, the outspoken former chief of the lapd has died. his tough tactics were fiercely criticized after the polic
love the air®. >>> back now with news that toyota has announced another recall, this one involving the 2003 sequoia suv. toyota wants to upgrade the stability control system on those models. the company says there has not been any accidents or injuries related to that particular system in this case. >>> there is important news tonight about alzheimer's. the seventh leading cause of death in this country, according to the alzheimer's association. finding a way to prevent the disease would be medicine's so-called holy grail. which is why today's news from the national institutes of health was so disappointing to so many people. our report on it tonight from our chief science correspondent robert bazell. >> daddy going to take you to school? >> reporter: jennifer beall is 38 years old. she saw two grandparents die of alzheimer's. then her father's memory began to fail as the disease struck him. >> my dad was diagnosed at 68. i have a 9-month-old and a 4-year-old. i hope i'm around to remember them. >> reporter: to try to ward off dementia, beall exercises a lot, eats a heart healthy d
for toyota, this time it's 2010 lexus gx460 s.u.v. the problem is a potential roll- over risk. sales were suspended last week after consumer reports issued a rare don't buy rating. separately, toyota will pay a record $16 million fine for not reporting a safety problem with defective gas pedals. the company says it settled with government to avoid litigation. and still ahead on the program, face value. you might be surprised how many people base the trustworthiness of their financial advisor solely on looks. >> susie: airlines were cleared to resume some flights out of europe today as ash from the icelandic volcano began to clear. but, already, airline losses have soared to past the billion dollar mark. that's more than the impact of 9/11. erika miller takes a look at the impact here in the u.s. on the travel industry. >> reporter: new york city is more than 2,500 miles away from the icelandic volcano eruptions. but even here there are business disruptions. new york city estimates it could lose as much as $250 million in tourism revenues. however, the man behind the data, george fertitta,
off before the end of june. >>> toyota is recalling its lexus gx 460 suv to fix those stability control problems. that is the model consumer reports warned consumers not to buy two weeks ago. their tests showed the suv skidded out of control during sharp turns. toyota is offering to update the stablts control software in the lexus and land cruiser model. >>> last year's cyber attack on google put the private information of millions at risk. intruders from china broke into systems giving access to multiple google services with just one logon. the passwords of gmail users were not involved. but still, the information may help hackers find other vulnerabilities at google. >> it sounds like google wasn't the only company hit. numerous others had the same problem. >>> coming up on this tuesday morning, an overnight earthquake area not used to shaking ground. >>> plus, we will visit the top of the iceland volcano, covering parts of that nation in a thick layer of ash. >>> and one of apple's most closely-guarded secrets, left behind in a bar. >>> now, for a look at morning road conditi
on toyota's troubles. e-mails obtained by the associated press show that company executives wrestled with how to deal with sticking accelerator pedals. in january, five dayss before announcing a massive recall, an american vice president wrote "we are not protecting our customers by keeping this quiet." and "the time has come to not hide on this one." toyota had no comment today. if you've had a heart attack caused by a completely blocked artery, another heart attack could be lurking, waiting to strike. a heart attack caused by a clot, one that could be fatal. but plavix helps save lives. plavix taken with other heart medicines, goes beyond what other heart medicines do alone, to provide greater protection against heart attack or stroke and even death by helping to keep blood platelets from sticking together and forming clots. ask your doctor about plavix. protection that helps save lives. people with stomach ulcers or other conditions that cause bleeding should not use plavix. taking plavix alone or with some other medicines including aspirin may increase bleeding risk, so tell your
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